«A nonprofit membership organization founded by people
and/or legal entities in order to assist its members in carrying out their
activities aimed at reaching the objectives provided for in paragraph 2
of Article 2 of the present Federal Law, is considered a nonprofit partnership.

Property, transferred to a nonprofit partnership by
its members, becomes the partnership property. Members of a nonprofit
partnership are not liable for the obligations of the partnership, and
a nonprofit partnership is not liable for the obligations of its members.

2. A nonprofit partnership is entitled to be engaged
in business activities in line with its stated goals.

3. Members of a nonprofit partnership have the right
to:  participate in managing the work
of the partnership;  receive information on the work
of the nonprofit partnership in the way it is stipulated in the Charter;  terminate their membership at
their own discretion;  if the contrary is not stipulated
by a federal law or the nonprofit partnership Charter, on the termination
of membership receive part of the nonprofit partnership property, or the
cost of this part within the cost of the property, transferred into possession
by the nonprofit partnership members, except membership dues, in the way
it is stipulated in the Charter;  In case of liquidation of the
nonprofit partnership, receive the part of their property left after clearing
with creditors, or the cost of it within the cost of the property transferred
into possession of the nonprofit partnership by its members if the contrary
is not stipulated by a federal law or the nonprofit partnership Charter.

4. A member can be expelled from the partnership on
the resolution of the rest of the members in cases/and according to the
procedure stipulated by the nonprofit partnership Charter.A member expelled from the nonprofit partnership can
receive a part of its property, or cost of this part according to paragraph
5 of point 3 of the present article.

5. Nonprofit partnership members can also have other
rights stipulated by its Charter and not contradicting to the Law.»

No other legal status (except associations of legal
entities) allows to have membership, and therefore they are not likely
to suit us.

According to Article 18.2 of the Federal Law,
a nonprofit organization is set up by promoters. A group of people that
are interested in realization of the Project can apparently be such promoters.

According to Article 14.3 of the Federal Law,
a charter should identify the name of a nonprofit organization, which is
to indicate the character of its activity and its legal status, its location,
managing procedure, the subject and the purposes of its activities, its
subsidiaries and local offices, the rights and responsibilities of its
members, admission / membership termination procedure, the sources
of property formation, procedure of amending the nonprofit organization
Charter, utilization of its property in case of liquidation, and
other legal provisions.

Article 26 of the Federal Law acknowledges the
following sources of property formation:  regular or one-time payments
by promoters ( participants, members );  money or property donations
;  earnings by providing goods
or service;  stock and other investment
dividends;  income from a nonprofit
organization property;  other incomes not prohibited
by law.

The procedure of regular investments by promoters (
participants, members ) is determined in the Charter of a nonprofit organization.Profit gained by a nonprofit organization is not to
be divided among participants/members of the nonprofit organization.

According to Article 28 of the Federal Law, the executive
bodies structure, terms of reference, functioning procedure and term of
authority as well as decision making procedure and their acting on behalf
of organization are determined by its Charter in conformity with the law.

According to Article 29.1 of the Federal Law, the top
managing body of a nonprofit partnership is the general meeting of its
members.

Article 29.3 identifies questions related to the competence
of the general meeting and some of those that can be delegated to a managing
board.